Find a desperate seller?
Investor has Bad Credit and No cash?
If you're a real estate agent...how would you be paid in the process?
Perhaps the question is this...
How can I find a seller who would be willing to take the risk of selling (on contract) to an investor who is a poor risk?...and at the same time, be willing to pay a commission out of his/her pocket, in addition to assuming this huge risk?
I would simply tell this investor that the odds of finding commercial property for him/her (considering their credit rating and available cash situation) is not a reasonable goal at this time.
This scenario (no credit and no cash) is most likely the culprit for the big crash the housing industry suffered recently with regard to residential property loans...
Good luck Jocelyn!
Jul 26, 2010